TJ | Your Realtor Friend
Region: SG
Monday 25 November 2024 09:41:40 GMT
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TJ | Your Realtor Friend :
i realised a lot of people don't understand accrued interest very well
2024-11-25 09:43:45
6
steven :
negative sale no need top back up one, govt will just say ok no cash payout that’s all
2024-11-25 17:44:45
3
Coco Coco4825 :
The theory try to use cash. You earn interest if you don’t use CPF for loan and don’t incur accrued interest. But the problem not with accrued interest, as long as they fulfill FRS.. remaining can use
2024-11-25 14:16:49
1
fatfatfilletburger :
How long they stayed?
2024-11-25 23:17:45
0
MewMeow903 :
What if the flat is sold after CPF retirement age? No more OA account, accrued interest goes to RA?
2024-11-25 13:17:28
0
Montylow :
As long as you sell above COV and you invest what you otherwise would use cash to pay, the accrued interest you’re missing out on is just an opportunity cost, not a real loss.
2024-11-26 15:05:15
2
talk181 :
Isn’t accrued interest is also their own money. So long as they met their FRS then there’s nothing much to worry.
2024-11-25 10:30:43
1
🥔 :
so technically they paying $40k++ for staying for 24 years? sorry im not a homeowner yet 😅
2024-11-27 04:36:15
0
MarieLam😉RealtorMentorTrainer :
Compounding effect! I’ve handled negative sales before and yes, it happens for older flats esp when they use a lot of CPF on it!
2024-11-25 22:51:18
1
Timothy 6950 1480 :
well said
2024-11-25 12:32:51
2
comeletslimkopi :
what if they just continue stay in their existing flat until they expire. What will the outcome be?
2024-11-25 12:00:46
0
Clay Mak :
True!
2024-11-26 06:28:09
1
Kim Hui828 :
Good information. Is this a common situation ?
2024-11-25 10:47:00
0
Christian Alpha One :
correct br0...this one i can support gaogao..God blessed 🍻🍻🍻
2024-11-26 12:07:38
1
Yeabwoi :
Cool story bro. If they bought at 350k, hdb interest rate 2.6%, fully paid with interest is only around 470k with 25 year loan. How you get those numbers? Later kena pofma then you know
2024-11-25 12:46:25
1
Take it to the Grave :
weird leh..24 years ago my relative also bought EM in pasir ris for around 350k. how Ur client buy it for over 640k (based on CPF used) 24 years ago? show me price growth chart for this unit 2000-2024
2024-11-25 10:02:08
2
Kit :
Negative sales means no need payback cpf but no cash proceed also 😁
2024-11-26 07:52:13
1
B1567211 :
Just means you have to return $924k to your CPF account what ? It’s your own money anyway. Just take it back out to buy another house . No big deal ma
2024-11-26 02:33:35
1
Whats a good name?? :
Fear Mongering - Your numbers aint mathing. 24 years ago, even if they bought it at 400k, their loan of 20 years only about 500 plus k with 2.6%. M&H cpf used and acc int too high.
2024-11-25 13:32:30
0
Beanz999 :
Invest in a global index fund with your cash solves your problems already le... 2.5% what retirement can there be? Siao
2024-11-29 10:30:39
0
otmkkk :
just stay there
2024-11-26 07:17:41
1
Zach :
if your roi on cash is higher than 2.5 percent then you'd be better off
2024-11-27 02:14:04
0
Egg :
What’s the solution for ur client then?
2024-11-25 16:56:37
0
a :
? you can only use your cpf till cost of purchase how come buy at 639k ?
2024-11-25 13:14:06
0
Sianlong :
Dont sell=no negative sales.
2024-11-26 03:39:40
1
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